1Q18 production had already been reported. Over the period the company generated US$56 mm net operating cash flow (GMP FEe: US$53 mm). Net debt at the end of March was US$972 mm (guidance of “not exceeding US$995 mm”, GMP FEe: US$978 mm). Only US$46 mm remains to be spent on GTU III (in line with previous indications). The tie-in of GTUIII to GTUI & II has been completed with a total downtime of ten days, which was well below the forecasted time of three weeks.
22 May 2018
FLASH: 1Q18 results
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FLASH: 1Q18 results
Nostrum Oil & Gas Plc (NOG:LON) | 5.5 0 0.0% | Mkt Cap: 9.38m
- Published:
22 May 2018 -
Author:
Stephane Foucaud -
Pages:
2
1Q18 production had already been reported. Over the period the company generated US$56 mm net operating cash flow (GMP FEe: US$53 mm). Net debt at the end of March was US$972 mm (guidance of “not exceeding US$995 mm”, GMP FEe: US$978 mm). Only US$46 mm remains to be spent on GTU III (in line with previous indications). The tie-in of GTUIII to GTUI & II has been completed with a total downtime of ten days, which was well below the forecasted time of three weeks.